Renewables

MPC Capital closes acquisition for 21 MW wind farm in Costa Rica

30 Apr 2019

Tilawind is the second acquisition of the MPC Caribbean Clean Energy Fund

HAMBURG, Germany - 30 April 2019 - MPC Capital has reached financial close for the acquisition of the 21 MW wind farm Tilawind for approximately USD 50 million. Investors include MPC Caribbean Clean Energy Fund ("the Fund"), MPC Capital's investment platform for renewable energies in the CARICOM region, and ANSA McAL Limited, Trinidad and Tobago's largest conglomerate.

In 2018, Tilawind exceeded our forecasted expectations, in terms of energy production and revenues. The wind farm, which is located in Tilarán, in the northern province of Costa Rica, Guanacaste, is operational since 2015 and has the potential for future expansion of its peak capacity.

Tilawind is the second acquisition of the Fund, which has already invested in the 51 MWp solar PV park Paradise Park in Jamaica. MPC Renewable Energies, a wholly-owned subsidiary of MPC Capital and the investment advisor to the Fund, originated and structured the transaction and is now responsible for the technical, commercial and administrative management of the wind farm.

David Delaire, Managing Director of MPC Renewable Energies, said: "Taking over the management of Tilawind wind farm gives us the opportunity to utilize our renewable energies asset management platform to optimize the performance of this asset. We look forward to expanding our services, not only in the Caribbean region and Central America but also globally to maximise shareholder value. We're also eager to explore additional investment opportunities in the renewables sector for both institutional and retail investors who wish to capitalise on opportunities in the growing market."

The acquisition was signed already in June 2018 with an economic transfer date as of January 2018. All customary approvals were granted in April 2019 enabling the closing of the acquisition.

About MPC Capital AG

MPC Capital AG is an international asset and investment manager for real asset investments. Together with its subsidiaries, the company develops and manages real asset investments and investment products for international institutional investors, family offices and professional investors. Its asset categories of focus are Real Estate, Shipping and Infrastructure. MPC Capital AG is listed on the stock exchange (MPCK) since 2000 and has around 300 employees group-wide. More details at www.mpc-capital.com

Media conctacts:

MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Phone. +49 40 38022-4347
Email: s.zenker@mpc-capital.com

Americas
Perry Goldman
Montieth & Company
Phone: +1 (646) 864.356
Email: pgoldman@montiethco.com

United Kingdom
Zarna Patel
Montieth & Company
Phone: +44 020 38651947
Email: zpatel@montiethco.com

Downloads

MPC Capital closes acquisition for 21 MW wind farm in Costa Rica

Information

www.mpc-oceanic.com

Contact

Stefan Zenker
Head of Investor & Public Relations
+49 (40) 380 22 - 4347
s.zenker@mpc-oceanic.com

About MPC Oceanic Group

The MPC Oceanic Group is a publicly traded investment and management company headquartered in Hamburg, Germany, with operations in the maritime and energy sectors. For more than 30 years, the company has been developing business models and platforms that are of key importance to global trade and the energy transition. Together with institutional investors and strategic partners, MPC Oceanic develops, structures, and finances investments in vessels and energy infrastructure. In addition to its investment business, the Group’s companies provide operational services to industrial customers and third-party owners, ranging from newbuilding supervision to technical and commercial management during operations. MPC Oceanic employs approximately 280 people in 10 countries and manages or operates more than 400 vessels and energy projects with a total value of approximately EUR 5.6 billion (“assets under management”). The shares of MPC Oceanic Group AG are listed in the Scale segment of the Frankfurt Stock Exchange (Deutsche Börse) under the ISIN DE000A1TNWJ4.

Back to overview